Clear Creek Financial Management LLC acquires 479 shares of Microsoft Co. (NASDAQ: MSFT)


Clear Creek Financial Management LLC increased its holdings of shares of Microsoft Co. (NASDAQ: MSFTGet a rating) by 1.6% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 30,902 shares of the software giant after acquiring 479 additional shares during the quarter. Microsoft accounts for 1.5% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 14th-highest position. Clear Creek Financial Management LLC’s holdings in Microsoft were worth $9,527,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently changed their holdings in the company. Joseph Group Capital Management purchased a new stake in Microsoft during the fourth quarter worth approximately $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft in Q4 worth about $40,000. Tobam ​​increased its stake in Microsoft by 15,400.0% in the first quarter. Tobam ​​now owns 155 shares of the software giant worth $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new Microsoft stock position during Q1 worth $68,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft stock in the fourth quarter worth about $84,000. Hedge funds and other institutional investors hold 69.99% of the company’s shares.

Microsoft trades up 1.7%

Shares of NASDAQ MSFT opened at $291.91 on Friday. The company’s 50-day moving average price is $264.33 and its 200-day moving average price is $279.67. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market capitalization of $2.18 trillion, a PE ratio of 30.28, a P/E/G ratio of 2.42 and a beta of 0.93.

Microsoft (NASDAQ: MSFTGet a rating) last released its quarterly earnings data on Tuesday, July 26. The software giant reported earnings per share (EPS) of $2.23 for the quarter, missing the consensus estimate of $2.29 per ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. In the same period a year earlier, the company earned earnings per share of $2.17. On average, equity research analysts expect Microsoft Co. to post EPS of 10.14 for the current fiscal year.

Microsoft dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday August 18 will receive a dividend of $0.62. The ex-dividend date is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.85%. Microsoft’s payout rate is 25.73%.

Analysts set new price targets

Several research analysts have recently released reports on the stock. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 report. BMO Capital Markets raised its price target on Microsoft shares from $305.00 to $320.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note. Piper Sandler cut her target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a Friday, July 8 research note. Wells Fargo & Company lowered its price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a Monday, July 25 research report. Finally, Credit Suisse Group set a price target of $400.00 on Microsoft in a research report on Tuesday, July 26. Two research analysts rated the stock with a hold rating and thirty-one gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Company Profile

(Get a rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

Further reading

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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